Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-08-06

e12,O0O, o00-Whas the DeaHS Expect.
The New YORK 81. to-day says: There was con-
siderable profanity on the Stock Exchange when
Harvey Durand found that his friend 'vhe commo-
oore" had hived his pronts ana had gone on Q
cruise The other member Of the bear combinA-
ton, Deacon White. also started out OF town.
What the bears expected to-day was the
Assignment Of Henry g. Ives 4 Co., and
possibly the suspension OF the stock n.
change house that has had the most TO
DO with that nrm. In this they were
Ives career as . would-be magnate Is ended, and,
fortunately, those he has entrapped have main
TENED Sneas soisency The plan already reported
cate assuming his Cincinnati, Hamilton and pay.
ton obligations has been knocked in the head, and
fSs Sscer 20 pe.e9s any further appreciation q
ates w be o. once deposed nom the oficial places
IN the Cincinnati Hamilton and Dayton, and
win doubtless be done to-day at the meeting.
The largest creditors are Mr. CHRISTOPHER
Meyer, who owns 1000 shares OF Cincinnati. Ham.
with Ives Co, and Messra WIN. Fliois Hercan
Co, who advanced g, 600 600 TO Ives Co. tax.
Ing - securities 10 600 shares OF CINCINNATI Ham.
tlton and Dayton, and Mr.. Harrison, q prominent
Cincinnati capitalist. Il Is almost impossibie tc
ten Ct present how seriously Ives q CO. have In.
1re S me he, Ci9cinn.u Hamilton and Dayton Co
ease q The issus Of preferred stock, Mr.. Robert
Il for
ton Altogether the liabilities Of the new young
Napoleon OF finance are about $4,000, 600 Nc
young man who was discharged from a stock.
brokers' once not more than bali . dozen year.
ago lor disnonesty
arm have been made: They paid, according C
careful esttmates about 81, 5000 more for the
control Of the G., r. and D; road than they have
OF the Terre Haute and Indianapolis road, Ivet
paid about @500, 600 more than he has lost IL for
while the losses on branch lines and similar In
The $500. 600 cash and 81 500 900 OF c., H. aud d
preferred stock given to Bob Garrett for his op
another clean item Of loss an BESIDES hsP sn VIA
Toledo was bought for at least &lOO 600 more thar
It was worth or win bring and about $500 600 hai
been spent 10 commissions for loans $4,000 fol
instance. to William F. Morgan 4 Coz rirst-clas.
lawyers fees, steam yacht, and similar neces
stiles 70 q real railroad magnate.
the Baltimore and Ohio option shows how be 90
stuck. No one that knows anything about yacht.
Gould even understand why Ives paid W; q. star
IL comes out that he hypothecated her as soon q,
ne got her the transaction is clear enough. H,
got stuck IN buying the control OF the c., n and
road in this way. His pool bought $4,000 OF tn,
5000 shares OF the common stock at from los {,
!o1: He had to pay the higher prices for q goot
that he could not vote the 1900 shares becaus;
1t had not been long enough In his possession
and that block OF Is 200 shares would carry tn,
election. He had no recourse but u
buy that block, which he did, paying LAT for It
That is, he paid 10 per cent down, 10 per cent IL
about twenty days later, and "a per cent thirt,
that any one would give him time upon or that b
could borrow upon.
One OF his most important roads, the Dayton
and 1rontOn, has not yet been paid for even by tn
usual process OF getting hold OF the securities ant
hyp0thecating them TO pay the sellers. Alfre,
Suliy and the Maxwells have q claim ON him 10
$500, 600 purchaSe-money on the Dayton and Iron
ton Road. Ives Is the third purchaser OF the roa
VINO mas not been able TO pay for it. The indica
soon get the price of the road and have IL too